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About MARAGARET THATCHER

MARAGARET THATCHER

She was born by the name Margaret Hilda Roberts to later acquire the name Thatcher after her marriage to Denis Thatcher in 1951, a wealthy businessman with whom she had two children. She was born on 13th October 1925 in Grantham, Lincolnshire and was daughter of a grocer.

She studied at Oxford University and became a research chemist, retraining to become a barrister in 1954. Margaret became a Member of Parliament for Finchley in North London in 1959 serving until 1992.

After the defeat of the Conservatives in 1974, Thatcher contested for the leadership of the party and won in the 1979 general election. The Conservatives came to power and Thatcher became Prime Minister. She advocated for privatizing state-owned industries and utilities, reforming trade unions, lowering taxes and reducing social expenditure across the board. Her policies succeeded in reducing inflation, but unemployment dramatically increased during her years in power.

A divided opposition helped Thatcher to win a landslide victory in the 1983 general election. In 1984, she escaped death by a whisker when a bomb was planted at the Conservative Party conference in Brighton.

Thatcher maintained a personal friendship with the then president of the United States, Ronald Reagan. She acquired the name ‘Iron Lady’ from the soviets due to her strong leadership in a male dominated community. In the 1987 election, she won third term in office but due to some of her policies, she started experiencing unpopularity even in the Conservative Party which led to her resignation in November 1990.

Thatcher even after her exit from politics continued to give lectures across the world. She founded the Thatcher Foundation aimed at advancing the cause of political and economic freedom especially in newly liberated countries.

She died of a stroke at the age of 87 on April 8, 2013.

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